Buy Now Pay Later has been trending in Nigeria for a while now, and it’s a financial solution that allows people to buy phones or any form of electronics and pay them later in instalments.
Sometimes you can pay for them at a discounted price and you’ll come to get them after you’ve completed your payments. Unlike websites that offer a Pay-On-Delivery payment option, ‘Buy Now Pay Later’ stores offer a payment option that is more like taking a loan with no interest rates. These days we’ve seen a lot of platforms, fintech solutions and stores offering people the chance to buy now and pay later.
If you’re a Nigerian with the required documents to Buy Now and Pay Later, you might want to check out the best Buy Now Pay Later Stores in Nigeria. In these stores, you can buy electronics like the latest Inverter AC or even some budget-friendly Infinix smartphones.
Requirements To Buy Now Pay Later In Nigeria
To buy now and pay later as a Nigerian, you must have some documents that’ll qualify you to be able to buy now and pay later, but how do you know if you’re fit enough to apply for this credit opportunity? Well here are some required documents below and if you have them complete, you can apply to buy now and pay later across any stores or platforms in Nigeria.
- 6 months of your SALARY bank statement.
- Bank Identification Number (BVN).
- Work ID CARD/Employment letter.
- A valid Government Issued ID CARD (either Driver’s licence, National Identity Card, Voters card or Nigeria passport)
List of the Best Buy Now Pay Later Stores in Nigeria
After you can confirm that you have the required documents to buy now pay later, you can now proceed to check out or make little research on the following buy now pay later stores that’ll be listed in this article. They’re the best and buying on credit on their store is very easy, so now let’s see the best stores in Nigeria to Buy Now Pay Later.
1. Spredda
Spredda is an e-commerce site established in Nigeria where you can buy home appliances, electronics, mobile phones, furniture, computers, generators, fashion and beauty products, and sports and fitness products at affordable prices, and on this store, they have two options of buying and paying later, and both options are PayQart and Lay-by.
When you buy now pay later using the PayQart option, it means you’re allowed to take the item with you and you’ll be given a six-month payback tenure and a little interest might apply if payment isn’t completed under six months. Lay-by on the other side doesn’t attract interest, and it lets your item be reserved for a period of three to four months with an advanced payment of 20%. Spredda is one of the Best Buy Now Pay Later Stores in Nigeria and they have a good customer relationship.
2. Easybuy
Easybuy is a mobile-based loan app in Nigeria, and it’s one of the best loan apps in Nigeria, on this app, you can loan any amount from 10,000 Naira to 50,000 Naira with a 6% interest rate that’ll allow you to pay within 91 days to 180 days. While Easybuy allows you to loan money, you can also buy smartphones of any brand you want on Easybuy and you’ll make payments in instalments. Buy Now Pay Later is very easy on Easybuy and this is how it’s done.
If you want to buy a device on Easybuy, you’ll need to pay at least 30% of the price for the device you want to get, and you’ll be asked for the tenures you’ll use in completing your payment, you can choose between 3 to 6 months. You will need to link your bank account and the amount you agree to pay monthly will be debited from your account until you’ve completed all payments. Easybuy offer one of the Best Buy Now Pay Later Stores in Nigeria and this platform is owned and operated by Palmcredit.
3. CDcare
CDcare is a big marketplace in Nigeria, and it operates on Android, iOS and also the web. This website allows Nigerians to be able to buy any gadgets or household appliances that they want using the Buy Now Pay Later method and it doesn’t attract any interest. On this website, you can buy anything you want, from phones to gadgets, or even kitchen appliances like freezers, microwaves and many more, and if they don’t have what you want, you can request it.
On CDcare, buyers are given a payment scheme that’ll help them pay an equal amount weekly or monthly when they buy an item. If a customer makes a 50 per cent instalment, the item will be delivered and the rest of the payment will continue after that, a buyer can set how he or she wants to pay and all will be reviewed. CDcare is very easy to use and it’s one of the Best Buy Now Pay Later Stores in Nigeria.
4. The Alternative Mall
The Alternative Mall is an e-commerce website based in Nigeria where you can buy home appliances, electronics, mobile phones, furniture, computers, generators, fashion and beauty products, sports and fitness products at affordable prices, and this website is being owned by Sterling Alternative Finance, and it makes buying things for both salary earners and non-salary earners. The Alternative Mall seem to be the best because it doesn’t attract any charges.
Shopping at The Alternative Mall is very easy, you can buy now and pay later within 12 months, you don’t need to deposit any amount and you will be billed based on your annual income, and that only attracts 33.3% of it. If you meet the certain criteria needed, you’ll need to create a SAF account that’ll be used as a repayment account. The Alternative Mall is one of the Best Buy Now Pay Later Stores in Nigeria.
5. Zoomba
Zoomba is another e-commerce marketplace that makes buying things very easy for Nigerians, this website offers a pay small small policy that’ll allow you to lock down an item and make gradual payments until the full balance is completed. You can buy anything on this website and they sell kinds of stuff like Phones, Laptops, Home Appliances and so much more, buying now and paying later goes through Layaway on Zoomba and this allows you to have a product marked.
Well, they have certain policies which they apply to their Layaway. Zoomba is friendly but a bit strict with their policies because they don’t condone nonsense from customers who are ready to breach their policies. But if you’re looking for a store to buy now and pay later in Nigeria, you can always trust them to be at your rescue.
Conclusion
Buying now and paying later is a way to get what you want even in the most difficult situations, and these online stores have delivered so well for Nigerians. You only need to be qualified before you can buy now and pay later, these are the best buy now pay later stores in Nigeria at the moment.
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